Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions [Text Block] |
Note 15 - Related Party Transactions Royalty fees associated with sales of Leatt-Brace® products are paid to Holdings, a company owned by a director, and a related individual who is a preferred shareholder. Royalties are based on 5% of the cash received from net sales of the neck braces worldwide and totaled $39,016 and $25,829 for the periods ended March 31, 2026 and 2025. The term of the royalty agreement is for the life of the intellectual property. As of March 31, 2026 and December 31, 2025, accrued royalties totaled $18,325 and $18,823. On November 8, 2021, the Company entered into a consulting agreement with Innovation Services Limited, or Innovation, a Jersey limited company in which the Company's founder and chairman is an indirect beneficiary, pursuant to which Innovation served as the Company's exclusive research, development and marketing consultant. Monthly consulting fees amounting to $45,481 were payable effective January 1, 2024 until June 30, 2024, and increased to $47,072 effective July 1, 2024 to June 30, 2025 and increased to $48,437 effective July 1, 2025 until June 30, 2026. During the three-month periods ended March 31, 2026 and 2025, the Company recognized an aggregate of $145,312 and $141,217, respectively in consulting fees to Innovation. |